Paramount's troubles have media veterans whispering on what could be next.
"Maybe it will resurrect, but it has a broken deal process and a business that is not doing all that well," added Mayer.Last week, Shari Redstone 's National Amusement, the controlling shareholder of Paramount , scuttled a deal with David Ellison 's Skydance. The last minute move surprised those involved in the talks and shareholders.
The company posted adjusted operating losses in its direct to consumer and film divisions in the first quarter. Profits increased 11% in the TV business, on the back of strong ad spending for the Super Bowl.
Shari Redstone David Ellison Paramount Pictures Brian Robbins Paramount Mickey Mouse George Cheeks Bob Iger President And CEO Larry Ellison Disney Candle Media Sumner Redstone
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